Not One Cent More

rodento

This should be interesting:rolleyes:

Ireland's financial future has been dealt a massive blow as a further black hole of up to €25bn in the Irish banks has emerged as part of the Government's stress testing.

http://www.independent.ie/national-news/banks-will-need-another-euro25bn-2577524.html

Can't wait to see how they handle it...

dvpower

rodento wrote: »

Can't wait to see how they handle it...

Indo wrote:

"The additional amount is certainly higher than €10bn but is lower than the huge figures being spoken about in Europe. But inevitably it does mean further pain for the taxpayer," a senior government source told this newspaper.

That's how.

Shea O'Meara

Jeepers....that's right I posted 'jeepers'.
Won't our new shiney government say, 'Hold on there now!'......won't they?:(

If I hear, 'Ah sure the last crowd left it like this our hands are tied' I may puke.

aftermn

Not one more Cent?

I think it is already too late for this. We are no longer talking about the survival of the banks, but the survival of the country.

Think of it like a journey. Columbus headed off from Europe with 6 weeks rations. Three weeks out he had to make a decision, turn back or have faith and go on. He didn't know how much farther he would have to go, but went on anyway. If the New World wasn't there, all would have died.

We are past this point of no return. We have to have faith and go on, as there isn't the option of return at this stage. I just hope there is a new World out there for us.

rodento

As I said this should be interesting:eek:

The government got in on the promise of no more money for banks unless the bond holders got burnt....

ednwireland

rodento wrote: »

As I said this should be interesting:eek:

The government got in on the promise of no more money for banks unless the bond holders got burnt....

really when did they say that ?

honestly, it was only ever aspirational (anyone who ever thought that a new gov. had any say in any of this anymore was delusional)

must admit i stopped listening to constantin this morning just tooooo depressing

there has to be some resolution to this and i dont think throwing more money at it (FF clever solution) is it, no idea what is though.

Euroland

Before injecting any money we must unilaterally burn all the bond holders no matter how senior they are.

rodento

Leo Varadkar, February 10, two weeks before the general election

Any bank coming to us looking for more money is going to have to show how they are going to impose losses on their junior bondholders, on their senior bondholders, and on other creditors before they come looking to us for any more money. Not another cent.

What happenned to that promise:rolleyes:

Rest of the article here

http://www.independent.ie/opinion/analysis/was-fg-just-naive-or-did-it-openly-hoodwink-us-2614946.html

Lies, damned lies and the F.G/Labour Government...

And anyone know what happenned to the 1% cut in the interest rate enda was promising...

The corporate tax rate...

rodento

Should we do this to germany:eek:

http://www.bbc.co.uk/news/world-europe-13022524

Inverse to the power of one!

rodento wrote: »

Should we do this to germany:eek:

http://www.bbc.co.uk/news/world-europe-13022524

That's the problem, had we let the banks just fail as private entities we would have been in the same place, but we didn't! And now we have our own unique pit to wallow in. However that said tho, I wonder what the impact on the Euro would have been had we let the banks die as private entities, we might have been drawn in to a different crisis but the cost might have been more evenly shared in that scenario.